Commodities traders at ForexYard saw the price of crude oil continue to decline as concerns continue to grow regarding the state of economic fundamentals in Europe, even in light of the EU/IMF bailout proposal for Greece. Investors in the Euro zone are now facing concerns over the risks of inflation and slow growth across Europe.
Not only is the continuing uncertainty in Europe causing the price of crude oil to fall but the ever-strengthening US dollar is also pushing down the price of crude oil. The US dollar has been making strong progress following a week of encouraging data releases including better than expect jobless claims figures.
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It’s time to count the gold at the world’s leading gold producing companies. The quarterly reporting is underway, reports which will give the world’s markets and traders an indication of the strength of the global industry. The results of the quarterly gold reports will have huge impacts on the price of gold at trading companies such as HY Markets.
By the end of the coming week gold companies including; Gold Fields, AngloGold Ashanti and junior Great Basin Gold will all announce their quarterly production figures. If these figures are better than expected the price of gold at HY Markets and other online trading companies will certainly rise.
Following the extended weekend due to the Easter holidays traders at sites including Spread Co saw commodities rally as the US dollar felt the pinch, with Crude Oil, Gold And Silver Experiencing Brisk Trade On Monday. Both gold and crude oil rose to record highs today with Nymex crude oil prices rising to a 17-month high.
Oil trading resumed in a brisk fashion after the Easter holidays with investors speculating that demand for ‘black gold’ will increase as the world economy starts its recovery from the global recession witnessed over the last couple of years. The price of crude oil for delivery in May rose by well over $1.00 during the extended weekend, climbing as high as $85.97 a barrel during after-hours electronic trading on the New York Mercantile Exchange. This is crude oil’s highest value since the 9th of October 2008.
Commodities traders at sites such as Spread Co saw Oil Prices Reach A 17-Month High today following encouraging reports from the Eurozone and China which both displayed exceptionally strong purchasing managers’ indexes (PMI’s). These economic reports encouraged the markets to drive the price of oil to new highs. These oil prices were made all the more impressive by the fact that there were very thin trading volumes ahead of the Easter holidays.
The price of crude oil climbed to new highs in the US. commodities traders at Spread Co saw New York’s main contract, light sweet crude for delivery in May, climb in price by 70 cents to $84.46 per barrel. Across the Atlantic London’s Brent North Sea crude for delivery in May rose in price by 74 cents to $83.44 per barrel.
Commodities traders at companies such as ForexYard saw Crude Oil Prices Fall During The Wednesday Morning Session with the price per barrel falling by nearly $1. Traders also saw the price of base metals and also the price of sugar struggling to make headway.
US crude oil stocks rose for an eighth week in succession, climbing to approximately 1.5 million barrels, according to a poll of market analysts conducted by Reuters. However, the US’ distillate stocks, which include heating oil, are estimated to have fallen by around 1 million barrels last week. America’s petrol stocks also fell by 1.3 million barrels.
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When many people think of commodities trading they have images of bustling stock market floors with pin-striped suit clad traders screaming to get that all-important position. However, Commodities Trading At HY Markets, like commodities trading with various other companies around the world has been propelled to the retail investor in recent years courtesy of the internet.
Unlike years gone by when trading commodities was only open to an exclusive few, these days you can speculate on and profit from the rise and fall of commodities prices online from the comfort of your own home or even on the move from your mobile phone, iPhone or PDA, all of which you will have the ability to do when you start Commodities Trading At HY Markets.
On Monday the price of both platinum and palladium reached 18-month record high levels with platinum reaching $1,626 a troy ounce and palladium climbing to $457 an ounce. In a similar fashion to when the price of gold rocketed at the end of last year, Commodities Traders Profited From Platinum And Palladium prices which have offered lucrative positions.
Even though platinum and palladium headed the precious metals with gains of 1.5 per cent and 1.4 per cent respectively there were also other metals following suit too. On Monday there we quite a few commodities traders, at companies such as eToro, who profited from the weak US dollar which pushed the price of gold up once again. In London the price of gold recovered to $1,137.10 an ounce, which is a gain of $5.30 for the day, following a drop in price of nearly $12 on Friday.
When it comes to competitive yet thoroughly professional trading companies one of the first names that pops up every time is HY Markets. There are many reasons to trade forex, commodities, indices and stocks at HY Market from their 30 year pedigree to the industry leading trading platforms for both computers and mobile phones. If such facts weren’t enough to convince you that HY Markets is the right place for you to trade, for a limited period you can also receive Free Training At HY Markets when you open a new account.
The training programmes at HY Markets can be tailored to your needs. Whether you’re a brand new trader looking to learn the fine arts and skills of trading or if you’re an experienced trader looking for the killer edge there’s a training package for you at HY Markets. There’s training about every aspect of trading available including; trading basics such as order types and simple margin trading advice, technical analysis about charts, indicators and patterns plus lessons about economic date and macroeconomic factors for the more advanced traders.
